#gop wants to raise social security retirement age to 70.
The Social Security trustees have said year after year that the program is unsustainable, and that changes have to be made.
So what is your solution?
Once the money runs out, the program ends.
@volkris first, the money won't completely run out because money is always coming in.
There are lots of ways to get more money into the program, such as raising the maximum for paying (have rich pay more). Also, get more workers paying social security taxes (immigration).
https://www.thedailybeast.com/gops-deficit-plan-spoil-the-rich-starve-the-kids
Again, this is coming from the trustees running the program.
Money WILL run out because even though it's always coming in, it's also always going out, and with it always going out faster than it's always coming in, the math doesn't work.
It's like, a person can go broke even though they're working. Sure, there's money coming in, but if the debts are higher than the income, they still run out of money.
SS bases payouts on what's been paid in, so if you raise the max for paying in that also increases the expenses, which is why that cap exists in the first place, to keep the rich from collecting more from the program.
Daily Beast is a horribly biased outlet. You shouldn't trust it for information.
@volkris when you learn about decimal places, your brain will explode.
